Friends, today we are going to talk to you about cryptocurrency. Nowadays you must have seen many people making and sending pictures of a dog in a funny way. This logo is being liked a lot by the people. Today we are going to talk about the same Dogecoin.
Dogecoin is one of the most used funny pictures on the internet. But do you know, Elon Musk likes this currency the most, and keeps talking and tweeting about Dogecoin all the time.
The original creators of Dogecoin are Billy Marcus, an American software engineer, and Jackson Palmer, along with him. It is a type of cryptocurrency. When these two people were asked, where did the idea about Dogecoin come from in their mind? So it is said that once in a while some friends told him something sarcastic, due to which Billy Marcus and Jackson Palmer together decided to create a cryptocurrency of their own, so that every member of the society can easily pay their bills. can do Both wanted to make their cryptocurrency an accessible and ambitious investment project.
Origin and development of Dogecoin
According to the GameStop saga, Dogecoin originated at an astonishing and very rapid pace. The people of the cryptocurrency market made fun of it at the launch of Dogecoin. Ever since Elon Musk endorsed Dogecoin, the cryptocurrency market has seen astonishing progress in the history of Dogecoin.
Elon Musk is a major contributor to the progress of Dogecoin. By the time of May 2021, Dogecoin has grown its business to $92 billion, which is itself a record in the cryptocurrency world. Seeing the progress of Dogecoin, many famous and top companies are eager to invest in Dogecoin.
Dogecoin has gained a lot of fame by the meme world unintentionally. Even though Dogecoin meme’s are being created out of fun, but somewhere along the way, the Dogecoin market is growing.
Social media has been a significant contributor to the growth of the Dogecoin cryptocurrency market. Sharing Doge’s Meme’s on Facebook and Twitter is proving beneficial for Dogecoin in a way. Youngsters’ jokes on Facebook are proving to be a win-win for Dogecoin.
The Future of Dogecoin and the Rise of the Shiba Inu Coin
Dogecoin has been creating new records everyday since Elon Musk started supporting Dogecoin. Now the time is not far when the price of one Dogecoin will cross 1$ very soon.
Dogecoin became public worldwide in May 2021 when the CEO of TESLA demonstrated Dogecoin for the first time on Saturday Night Live show. This incident sparked a fierce debate about Dogecoin in the crypto market. Many visionary investors have invested a lot of their money in Dogecoin. Ever since Elon Musk started supporting Dogecoin on Twitter, several big billionaire industrialists have started showing interest in Dogecoin.
After some time Elon Musk called Dogecoin a joke, which broke the graph of Dogecoin. This was in a way a loss-making deal for Dogecoin. This joke by Elon Musk proved to be too costly for Dogecoin. This caused the price of Dogecoin to drop by almost 30%. Seeing the falling levels of Dogecoin, Shiba coin was launched and it left no stone unturned to replace Dogecoin.
Binance, led by Elon Musk, also placed Shib in its market, and this caused the price of the SHIB to double. Inu-themed coins today are known as Shib or Shiba coins, which became famous due to the decline of Dogecoin.
Even though Elon Musk didn’t have any economic or business benefits behind Dogecoin, every announcement or talk that Elon Musk made has brought unprecedented benefits to a lot of crypto market investors. Whenever Elon Musk tweeted or said anything about Dogecoin, directly or indirectly, he was directly benefiting Dogecoin. Millions of Dogecoin investors stood up in just 2 months because of Elon Musk.
Dogecoin also invested in the NASCAR Sprint Cup Series to grow its business. The developers of Dogecoin in collaboration with Josh Wise, driver of the NASCAR Sprint Cup Series, raised 68 million Dogecoin (equivalent to approximately $56000). And announced MoonRocket, another form of Dogecoin. A car from the NASCAR Sprint Cup Series is painted Dogecoin, and raced. In each race in the NASCAR Sprint Cup Series, the race commentators spoke passionately about Dogecoin and crowdfunding, which garnered nearly 3 million views and surprisingly sparked a desire to invest in Dogecoin as well. The deal proved unprecedented for Dogecoin.
May 16 Koi Wise defeated Dinika Patrick in the Sprint All-Star Race in collaboration with the Dogecoin community. All this happened because of Dogecoin’s online contests. In this contest, an appeal was made to the fans of Dogecoin to vote in support of all Wise.
Coca-Cola partnered with Dogecoin to launch a line of helmets. In addition, his victory at Wise led to the publication of Dogecoin on the Toyota/SaveMart 350 and the GEICO 500. Apart from this, in the NASCAR14 salt video game, the developers of the video game put up banners of Dogecoin on the cars and everywhere.
The purpose of this article is only to give information about the history of Dogecoin. Through this article we are not endorsing Dogecoin at all. Our aim is only to give you information about cryptocurrencies. Investing in the crypto market is a risky game. For this, you should take the advice of investors and invest in the cryptomarket only after consulting an expert.